Mattioli Woods profit up 60% as advice demand jumps

The firm’s pre-tax profits reached £7.6m in six months to 30 November

Sahar Nazir
clock • 2 min read

Mattioli Woods pre-tax profits increased by 60% to £7.6m in the six months ended 30 November 2023, thanks to an “increased demand for high-quality wealth management and financial planning advice”.

The wealth manager said the demand was driven by proposed pension and investment reforms, and market conditions. Revenue over the same period climbed to £59.1m, up 8%. Meanwhile, its expanded 'MTW Adviser Academy' increased its adviser base to 148, from 132 in the first half of 2023. Gross discretionary assets under management were at £4.6bn, with gross inflows of £326.4m, compared to £314.1m in the first half of 2023. It said an increase in new business led to organic growth of 4%, which was partly offset by the market impact on ad valorem fees of a 0.4% reduction in total clie...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Feel Good Friday: Aviva launches unified charitable foundation

Feel Good Friday: Aviva launches unified charitable foundation

Grant-giving and donation programmes now under the Aviva Foundation

Professional Adviser
clock 16 January 2026 • 1 min read
Meeting the needs of vulnerable consumers in financial services

Meeting the needs of vulnerable consumers in financial services

'The dynamic nature of vulnerability can make determining who's in scope complicated'

Shriya Patel
clock 14 January 2026 • 4 min read
Ten firms achieved CII Chartered status in second half of 2025

Ten firms achieved CII Chartered status in second half of 2025

Across financial planning and insurance

Jenna Brown
clock 13 January 2026 • 1 min read